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Executive mentoring involves seasoned employees taking newer, less experienced employees under their wings and helping them understand both the profession and the corporate culture on a deeper level. Executive mentoring has a number of intrinsic values. Mentored employees are more likely to remain loyal to a company and to show higher levels of overall job satisfaction.

Performance

New employees who are mentored by executives get a more in-depth understanding of a company and the way it functions. Mentors provide insight into the corporate decision-making process and help less experienced employees make informed career and business decisions. This can increase performance standards within the company.

Co-Learning

Not only do mentees learn from their executive mentors, the mentors themselves often gain new insight into different modes of thinking in the up-and-coming generation. This makes mentoring executives stronger, more informed leaders and keeps executives in the know about what their younger counterparts think about their job trajectory, their commitment to the company and the professional development needs that keep them motivated.

Networking

Executive mentoring strengthens the personal and professional networks of everyone involved. Executive mentors typically introduce mentees to decision-makers both inside and outside the company and, in turn, have the opportunity to utilize the networks of their mentees as well. This leads to increased opportunities for professional enrichment.

Retention

Mentored employees often feel a greater sense of loyalty to the business they work for and are more likely to stay with the company and advance through the ranks. This can lead to greater corporate stability in the form of knowledgeable, committed, long-term employees. Companies that have a stable, experienced workforce are more likely to weather economic dips and transitions than companies with a transient workforce.

Safe Haven for Ideas

The executive mentoring relationship encourages mentees to have open, frank, forthright conversations about business ethics, career moves and interpersonal relationships. The mentor-mentee relationship provides a safe haven where employees can feel comfortable openly discussing professional conflicts and ethical dilemmas. This helps create a well-rounded employee capable of making educated decisions about professional matters.

Job Satisfaction

Mentored employees often feel a greater sense of job satisfaction and enjoy higher morale levels than non-mentored employees. The executive mentoring process helps employees believe they add value to the company and that their contributions are appreciated. This can lead to better performance as well as a willingness to mentor others in the future.

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About the Author

Lisa McQuerrey has been a business writer since 1987. In 1994, she launched a full-service marketing and communications firm. McQuerrey's work has garnered awards from the U.S. Small Business Administration, the International Association of Business Communicators and the Associated Press. She is also the author of several nonfiction trade publications, and, in 2012, had her first young-adult novel published by Glass Page Books.

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McQuerrey, Lisa. "The Value of Executive Mentoring." Small Business - Chron.com, http://smallbusiness.chron.com/value-executive-mentoring-50266.html. Accessed 25 May 2019.

McQuerrey, Lisa. (n.d.). The Value of Executive Mentoring. Small Business - Chron.com. Retrieved from http://smallbusiness.chron.com/value-executive-mentoring-50266.html